The global connected gym equipment market to grow at a CAGR of 44.62% during the period 2017-2021.
The report, Global Connected Gym Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in market is players collaborating with other technology companies for integrating smart features into gym equipment. Most connected gym equipment manufacturing companies are collaborating with technology companies for developing app-based gym equipment. Consumers prefer smart-connectivity gym equipment that monitors the workouts.
According to the report, one driver in market is premium pricing of connected devices owing to value-added features. Connected gym equipment is priced high when compared to regular traditional gym equipment owing to the value-added connectivity features. For instance, Technogym announced app compatibility with Mapmyfitness and Runkeeper that allows users to experience connectivity between apps and Technogym equipment. Another player, LES MILLS INTERNATIONAL, offers LES MILLS SMARTBAND that suggests a correct technique to use the gym equipment. Due to these additional smart features, the price of these products is high when compared to traditional gym equipment.